Common use of Changes in Ownership Interests Clause in Contracts

Changes in Ownership Interests. A Shareholder’s Ownership Interest shall be changed as follows: (a) as provided in Article 7; (b) upon an election by a Shareholder pursuant to Section 10.6 to contribute less to an Adopted Program and Budget than the amount corresponding to its Ownership Interest; (c) as provided in Section 10.10 or Section 11.1; (d) by transfer by a Shareholder of less than all of its Ownership Interest in accordance with Article 15; or (e) by acquisition of the Ownership Interest of the other Shareholder, however arising. Upon any change in the Shareholder’s Ownership Interests, the Shareholder’s respective Equity Account balance shall be adjusted to the extent necessary such that each Shareholder’s Equity Account balance equals the same percentage of the aggregate Equity Account balances of all Shareholders as their respective Ownership Interests after such change.